Dealers See Some Falloff in Used Equipment Pricing

It appears the 2012 drought throughout the major growing regions in the U.S. is having an impact on used farm equipment prices, according to the most recent Ag Equipment Intelligence-Cleveland Research Co. survey of machinery retailers.

By category, tractors over 100 horsepower are now up 1.8% year-over-year on average, but down from 3% last month. Prices for used tractors under 100 horsepower were up 1.3% in July, which is down slightly from 2.5% in June. Used combine values were down 2.5% in July following a 1.2% drop during the previous month.

Relative to last month, a net 13% of dealers report lower values for under 100 horsepower/utility tractors, down from a net 1% in June. For over 100 horsepower tractors, a net 6% of dealers report lower values vs. last month, down from a net 11% in June. Finally, a negative net 37% of dealers report used combine values are lower compared with the previous month.